Working of automatic teller machine atm nowadays people do not carry money for shopping. So today in this video i have detaily explained about working of atm machine in hindi.

Automated Teller Machine Block Diagram Types Its Working

The basic one allows the customer to only draw cash and receive a report of the account balance.

How atm machine works internally. May 2 2016 roberto machado noa lightrocket getty images. Yo u re short on cash so you walk over to the automated teller machine atm insert your card into the card reader respond to the prompts on the screen and within a minute you walk away with your money and a receipt. An atm automated teller machine is a computerized system individuals can use to deposit money into their banking accounts withdraw money from their accounts check balances and transfer money from one account to the other.

There are two types of automated teller machines atms. The host processor uses this information to route the transaction to the cardholder s bank. The automated teller machine atm is an automatic banking machine abm that allows the customer to complete basic transactions without any help from bank representatives.

When money is needed they go to the nearby atm machine insert their atm card and take the required amount. As you know an atm has two input devices. Cash machines have to be fast flawless and impenetrable.

Instead they carry an automated teller machine card also known as atm card. I also explained about atm cards and atm scammer s so don t forget. The atm system sends the data to the host processor which transmits the operation request to the user s bank.

These machines can now be found at most supermarkets convenience stores and travel centers. Card reader the card reader captures the account information stored on the magnetic stripe on the back of an atm debit or credit card. Have a look inside the guts of an atm.

You re probably one of the millions who has used an atm. In this session there is brief description about atm card and the working of an atm for more such videos visit. Atm working principle every time the user wants to perform a transaction they need to provide the atm system with all the necessary information.